Is Seekonk, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seekonk is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Seekonk has remained a Seller's Market.

Key Takeaway

Seekonk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Seekonk, MA

How much do homes in Seekonk, MA cost?

Median Sold Price

$520,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,000(+5.3%)

Key Takeaway

Homes in Seekonk have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Seekonk was $520,000 in March 2024, up 5.3% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$272.5K
N/A
2 $357.5K$405K
+13.3%
3 $460K$510K
+10.9%
4 $600K$630K
+5.0%
5+ $725K$1.3M
+82.8%

Summary: Seekonk housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 82.8%.

Median Sold Price Compared To Nearby Cities

East Providence
+7.4%
Riverside
+6.6%
Pawtucket
+6.0%
Seekonk
+5.3%
Rumford
+3.1%

Housing Supply in Seekonk, MA

How many homes are available in Seekonk, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3842+10.5%

Summary: The Seekonk real estate market had 42 homes for sale in March 2024, a 10.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2429
+20.8%
4 119
-18.2%
5+ 12
+100.0%

Summary: The Seekonk housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seekonk, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Seekonk in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Seekonk, MA

How long does it take to sell a home in Seekonk, MA?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days28 Days-10.3%

Summary: Homes in Seekonk had an average of 28 days on market in Mar 2024, down by 10.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seekonk are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 8 homes were sold in Seekonk; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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